Asian Markets Track Another Wall St Record On Rate Hopes

Expectations for rate cuts next year has weighed on the dollar against the pound and euro, though it remains elevated versus the yen (Credit: AFP)

Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year.

The advances come even as central bank officials try to push back against expectations, which have set markets up for a healthy end-of-year rally.